Palm oil futures traded above RM2,800 per tonne and were up about 30% from May’s one-year low on the back of lower than expected production and tightening supply along with strong demand from India and China. Malaysia’s FGV Holdings Bhd, the world’s largest producer of crude palm oil, said production in 4Q FY2020 will be impacted by weather uncertainties and partial lockdown in Sabah. At the same time, the Malaysian Palm Oil Association said Malaysia could lose almost 25% of its output due to a labour shortage, leaving further room for upside momentum. Still, Indian edible oil refiners are trimming imports of palm oil in November and December to make space for soyoil as a recent rally in the price of palm reduced the spread between the two oils.

Historically, Palm Oil reached an all time high of 4298 in March of 2008. Palm Oil - data, forecasts, historical chart - was last updated on November of 2020.

Palm Oil is expected to trade at 2638.87 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2266.88 in 12 months time.

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Palm Oil


Palm Oil
Crude Palm oil is a vegetable oil and it's used primarily in processed food. The biggest producers of palm oil are: Indonesia, Malaysia, Nigeria, Thailand and Colombia. The contract size is 25 metric tons and it's traded at Bursa Malaysia. The Palm oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
45.5300 0.62 1.38% 8.87% 18.08% -25.60% Nov/25
Brent
USD/Bbl
48.3500 0.49 1.02% 9.04% 19.50% -27.18% Nov/25
Natural gas
USD/MMBtu
2.7440 0.03 -1.12% 1.18% -9.26% 27.73% Nov/25
Gasoline
USD/Gal
1.2667 0.01 0.68% 8.93% 13.95% -26.22% Nov/25
Heating oil
USD/Gal
1.3798 0.02 1.49% 9.16% 23.00% -31.90% Nov/25
Ethanol
USD/Gal
1.3490 0.06 -4.33% -5.00% -13.91% -3.44% Nov/25
Naphtha
USD/T
370.39 3.04 0.83% 2.12% -1.91% -30.91% Nov/24
Propane
USD/Gal
0.54 0.00 0.29% -1.14% 4.39% 22.62% Nov/24
Uranium
USD/Lbs
29.1500 0.15 -0.51% 0.52% -1.02% 17.30% Nov/24

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,810.55 3.04 0.17% -3.25% -4.79% 18.47% Nov/25
Silver
USD/t.oz
23.370 0.12 0.51% -3.88% -3.91% 29.69% Nov/25
Platinum
USD/t.oz
964.55 3.43 0.36% 2.35% 10.91% 0.16% Nov/25

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,186.0000 1.25 -0.11% 0.72% 9.11% 23.92% Nov/25
Wheat
USd/Bu
593.7500 17.50 -2.86% -0.67% -4.23% 5.77% Nov/25
Cheese
USD/Lbs
2.4320 0.00 0.00% 0.45% 6.02% 34.81% Nov/24
Palm Oil
MYR/T
2,785.00 9.00 0.32% -0.71% 5.57% 0.69% Nov/25
Milk
USD/CWT
23.12 0.02 -0.09% -0.13% 6.89% 35.52% Nov/25
Cocoa
USD/T
3,054.00 32.00 1.06% 10.33% 22.31% 20.62% Nov/24
Rubber
JPY/Kg
248.40 0.50 0.20% 1.35% -12.84% 40.98% Nov/26
Wool
AUD/100Kg
1,156.00 3.00 -0.26% -1.03% -5.17% -25.80% Nov/24
Tea
USD/Kgs
2.71 0.00 0.00% 1.88% 1.12% 8.40% Nov/24
Cotton
USd/Lbs
71.53 0.62 -0.86% 3.50% -0.80% 3.26% Nov/24
Rice
USD/cwt
12.4050 0.02 0.12% -0.36% 0.94% -4.10% Nov/25
Coffee
USd/Lbs
115.15 2.00 1.77% -3.84% 7.97% -9.40% Nov/25
Oat
USd/Bu
285.5000 2.00 -0.70% -4.03% -6.85% -4.19% Nov/25
Orange Juice
USd/Lbs
127.05 0.65 -0.51% -1.01% 8.50% 33.95% Nov/25
Canola
CAD/T
578.00 1.20 0.21% 1.51% 6.41% 22.59% Nov/25
Sugar
USd/Lbs
14.69 0.35 -2.33% -4.92% -0.54% 11.88% Nov/25
Lumber
USD/1000 board feet
603.20 2.70 0.45% 1.26% 19.92% 48.32% Nov/25
Corn
USd/BU
421.5000 4.25 -1.00% -1.00% 0.90% 8.84% Nov/25

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
18.94 0.06 -0.32% -1.30% 7.07% 31.71% Nov/24
Poultry
BRL/Kgs
6.36 0.02 -0.31% -2.45% 3.41% 18.88% Nov/24
Live Cattle
USd/Lbs
111.5000 0.33 0.29% 0.77% 7.24% -11.21% Nov/25
Lean Hogs
USd/Lbs
65.6000 0.30 0.46% -0.30% -3.17% -8.32% Nov/25
Feeder Cattle
USd/Lbs
140.0000 1.43 1.03% 2.17% 4.71% -3.21% Nov/25

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.2995 0.00 -0.09% 3.45% 6.92% 17.12% Nov/25
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Nov/25
Bitumen
CNY/T
2,452.00 50.00 2.08% 7.92% -0.33% -20.23% Nov/25
Steel
CNY/T
4,081.00 25.00 0.62% -0.46% 13.02% 9.06% Nov/24
Cobalt
USD/T
32,390.00 0.00 0.00% -0.02% -2.75% -1.10% Nov/24
Lead
USD/T
2,008.40 12.90 0.65% 4.69% 13.92% 4.96% Nov/24
Nickel
USD/T
16,197.00 303.50 1.91% 1.95% 3.66% 16.11% Nov/24
Molybdenum
USD/Kg
23.50 0.00 0.00% 6.09% 13.53% 6.58% Nov/24
Iron Ore
USD/T
127.00 0.00 0.00% 2.83% 9.01% 38.04% Nov/24
Coal
USD/T
70.00 1.08 1.57% 10.29% 19.15% 0.46% Nov/25
Palladium
USD/t.oz
2,340.00 8.59 -0.37% 0.47% -0.52% 20.65% Nov/25
Aluminum
USD/T
1,984.25 2.25 -0.11% -0.45% 9.05% 9.96% Nov/25
Tin
USD/T
18,752.50 65.00 0.35% -0.48% 3.95% 9.09% Nov/25
Zinc
USD/T
2,743.00 8.25 -0.30% 0.18% 7.90% 18.74% Nov/25
Soda Ash
CNY/T
1,600.00 216.67 -11.93% -11.93% -14.29% 2.13% Nov/25
Iron Ore 62% fe
USD/T
123.6300 0.23 0.19% 1.10% 2.39% 33.54% Nov/25
Manganese
CNY/T
28.00 0.00 0.00% -0.89% -5.08% -11.11% Nov/24
Neodymium
CNY/T
542,500.00 22,500.00 4.33% 12.55% 22.74% 49.86% Nov/24
Rhodium
USD/t oz.
16,100.00 0.00 0.00% 9.52% 9.52% 166.12% Nov/24

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,197.00 19.00 1.61% 7.35% -14.62% 22.64% Nov/25
CRB Index
Index Points
169.77 2.62 1.57% 3.41% 6.97% -13.66% Nov/24
LME Index
Index Points
3,143.50 0.00 0.00% 0.00% 2.98% 10.56% Nov/24
S&P GSCI
Index Points
1,866.07 39.75 2.18% 4.26% 8.15% -28.00% Nov/24